Bob Chapman on the Power Hour, 1/3: Gold, Dollar, Fake Coins, Fake Gold, Fort Knox

[florgat91]

Bob Crapman is always wrong

[JOConnor100]

Bob is going to look stupid if there is not official dollar devaluation by 2011.

[Liozeris]

@JOConnor100 -- we will all look stupid if we don't know that every dollar printed or issued dilutes the buying power of the dollar in my hand.

I do see a creeping devaluation. If you wait to fall off the table, you are lost.

[JOConnor100]

A slow devaluation, would mean a slow steady increase in precious metals.  Bob predictions are off the wall, and many do not come true.

[Liozeris]

Yes it does, and has. Gold is up 25% per year for 9 years running.

As 'off the wall' predictions go, Chapman's predictions are 99% more accurate than mine are.

[investornator]

Great video mate 5 stars,

[Exposethefrauds]

Gold will have extreme correction but ultimately will keep going higher. Bull markets climb a wall of worry.

[tesskansas]

Where does Chapman live? Monkeys?

[JimDawg22]

From the NY Times in 1983:

Austrians Seize False Gold Tied to London Bullion Theft

The Austrian police announced the arrest today of 5 men and the discovery of 10 counterfeit gold bars stamped with numbers and refiner's name to match 6,000 real bars stolen in Britain last month.

The police at first suspected the counterfeit bars were part of the Heathrow booty, but the spokesman said tests showed the bars were made of tungsten and only coated with gold.

[ThePowerHourChannel]

WOW! Thanks for the post!

[JimDawg22]

The point of the Austrian news story is that the recovered bars in Austria were part of the real bars stolen in London.

No counterfeiter would be so stupid as to put the same serial #'s and refiner's stamp as the real bars. It would tie them to the London robbery, with the whole world looking for the thieves. That would be like putting known stolen serial #'s on fake $100 bills.

[MauserBroom]

Wow - That reminds me of the dutch story about criminals buying ecstacy pills with counterfeit money that turned out to be sugar tablets!

:)

Common criminals have got nothing on these suit and tie professionals!

[Ganbareg]

and salt!

[ThePowerHourChannel]

Yeah, but they won't tell us t buy lead HA!

[tesskansas]

I live copper and clad coins. Nickel is my favorite base metal.

[ThePowerHourChannel]

HA! Good one! Yeah, tung is really going to be bullish!